RMI 3011 EXAM 3 FSU Question and
answers already passed
Medical Expense Insurance - correct answer ✔Protects an individual or
family for covered medical expenses because of illness or injury
Out-of-Pocket Maximum Limits - correct answer ✔100% of the covered
medical expenses in excess of the deductible are paid after the insured pays
a certain amount out-of-pocket
(Health Insurance)
Coinsurance - correct answer ✔Percentage of the bill in excess of the
deductible, which the insured must pay out-of-pocket up to some maximum
annual dollar limit.
Counts towards deductible and out-of-pocket maximum.
(Health Insurance)
What is the purpose of Coinsurance Provision in health? - correct answer
✔Prevents Over-Utilization of Policy Benefits
Copayment - correct answer ✔A flat amount that the insured must pay for
certain benefits at each visit or type of visit
Does not count towards deductible but does count toward out of pocket
maximum
, (Health insurance)
Individual Market - correct answer ✔Health insurance is purchased through
state healthcare exchange
Group Market - correct answer ✔Health insurance is purchased through
employer
Social Insurance - correct answer ✔Health insurance is sponsored by
government
Individual Medical Expense Insurance Plan - correct answer ✔Protects an
individual or family for covered medical expenses because of sickness and
injury
No Lifetime Limits or Annual Limits
Comprehensive plans
Available through healthcare exchanges
Social Security Amendments of 1965 - correct answer ✔Created Medicare
and Medicaid
Federal Insurance Contributions Act (FICA) Tax - correct answer ✔Funds
Medicare
answers already passed
Medical Expense Insurance - correct answer ✔Protects an individual or
family for covered medical expenses because of illness or injury
Out-of-Pocket Maximum Limits - correct answer ✔100% of the covered
medical expenses in excess of the deductible are paid after the insured pays
a certain amount out-of-pocket
(Health Insurance)
Coinsurance - correct answer ✔Percentage of the bill in excess of the
deductible, which the insured must pay out-of-pocket up to some maximum
annual dollar limit.
Counts towards deductible and out-of-pocket maximum.
(Health Insurance)
What is the purpose of Coinsurance Provision in health? - correct answer
✔Prevents Over-Utilization of Policy Benefits
Copayment - correct answer ✔A flat amount that the insured must pay for
certain benefits at each visit or type of visit
Does not count towards deductible but does count toward out of pocket
maximum
, (Health insurance)
Individual Market - correct answer ✔Health insurance is purchased through
state healthcare exchange
Group Market - correct answer ✔Health insurance is purchased through
employer
Social Insurance - correct answer ✔Health insurance is sponsored by
government
Individual Medical Expense Insurance Plan - correct answer ✔Protects an
individual or family for covered medical expenses because of sickness and
injury
No Lifetime Limits or Annual Limits
Comprehensive plans
Available through healthcare exchanges
Social Security Amendments of 1965 - correct answer ✔Created Medicare
and Medicaid
Federal Insurance Contributions Act (FICA) Tax - correct answer ✔Funds
Medicare
